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it was a flat tax. those making over a hundred thousand dollars per year or 20,000 in today's money were taxed a whopping 3% rate. next year congress deciding it like this idea that people would just send money there wait introduced a sliding scale. those making about $10,000 or 229,000 canal would be attacked at 5%, and the idea of taxing the rich was born. guess what? the tax was repealed in 1866. congress decided they did not want free money anymore. that is, until 1994 when it tried to bring it back, but this time the supreme court stepped in calling the tax unconstitutional. so, or teeseven republican offer a constitutional amendment and 100 years ago yesterday deaware became the 306th state to ratify it and the income tax was official. so before you go cursing the lawmakers from 1913, the income tax looked a lot different than now. take a look at that. for starters, this is what the tax code looked like a century ago. thirty-eight pages. that's it. tiny. today it is nearly 74,000 pages with the to
it was a flat tax. those making over a hundred thousand dollars per year or 20,000 in today's money were taxed a whopping 3% rate. next year congress deciding it like this idea that people would just send money there wait introduced a sliding scale. those making about $10,000 or 229,000 canal would be attacked at 5%, and the idea of taxing the rich was born. guess what? the tax was repealed in 1866. congress decided they did not want free money anymore. that is, until 1994 when it tried to...
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. >> i believe they should pass a smaller package of spending cuts and tax reforms that would delay the economically damaging affects of the sequester for a few more mots until congress finds a way. >> reporter: the president wants to raise more money by ending tax loopholes, but republicans want deeper entitlement cuts. >> if we're going to connect with the american people, it's important that they see not only that we're serious about solving our debt problems. >> a studdie by george mason university estimated 448,000 jobs could be affected in d.c., maryland, and virginia. for months, defense contractors have pleaded for action. >> we would hope that congress would meet their obligations to us and to the public. >> reporter: virginia congressman frank wolf wrote to the president and speaker arguing the bipartisan plan would avoid sequestration and stop its widespread affect on jobs. >> sequestration will hurt not only the defense side bow the non-defense side. my committee funds the fbi. there will probably be furloughs at the fbi. >> there will be furloughs at the national cancer ins
. >> i believe they should pass a smaller package of spending cuts and tax reforms that would delay the economically damaging affects of the sequester for a few more mots until congress finds a way. >> reporter: the president wants to raise more money by ending tax loopholes, but republicans want deeper entitlement cuts. >> if we're going to connect with the american people, it's important that they see not only that we're serious about solving our debt problems. >> a...
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Feb 5, 2013
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president obama sees no need for more increases in tax rates. he said that in an interview with cbs news that was broadcast live before the super bowl. mr. obama signed a bill raising rates on higher-income americans last month but this is the first time that he's said that he doesn't intend to extend higher rates to more taxpayers. it's a change from the position that he's held for many months. >> we can't get this done unless we also ask the wealthiest households to pay higher taxes on their incomes above $250,000. >> pelley: that was mr. obama before the election and he made the same points in another way eight weeks ago. >> just to be clear: i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> pelley: but last month he signed a stopgap compromise with congress that raised taxes on families making more than $450,000 a year. as the budget negotiations continue now, we wondered whether he would return to his goal of extending higher rates to families at that $250,000 level. are you throu
president obama sees no need for more increases in tax rates. he said that in an interview with cbs news that was broadcast live before the super bowl. mr. obama signed a bill raising rates on higher-income americans last month but this is the first time that he's said that he doesn't intend to extend higher rates to more taxpayers. it's a change from the position that he's held for many months. >> we can't get this done unless we also ask the wealthiest households to pay higher taxes on...
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republicans say any additional revenue from tax reform should be used to lower everyone's tax rates. the president wants to cut the deficit. he says we can't afford to use it the way republicans want. >> if we are going to close these loopholes, there's no reason we should useoo the savings we obtain and turn around and spend that on new tax breaks for the wealthiest, or for corporations. if we're serious about paying down the deficit, the savings we achieve from tax reform should be used to pay down the deficit. and potentially to make our businesses more competitive. >> president's call comes a day after his two most southeastern defense advisors warned the sequester would make the country less safe, and the president says the domestic spending cuts would slow down the economic recovery, which isn't producing jobs fast enough even now, shepard. >> shepard: what are we hearing from republican? reporter: they say the sequester was a white house idea. though the goal was to force a compromise by the so-called supercommittee. that didn't happen. now some lawmakers in both parties say t
republicans say any additional revenue from tax reform should be used to lower everyone's tax rates. the president wants to cut the deficit. he says we can't afford to use it the way republicans want. >> if we are going to close these loopholes, there's no reason we should useoo the savings we obtain and turn around and spend that on new tax breaks for the wealthiest, or for corporations. if we're serious about paying down the deficit, the savings we achieve from tax reform should be used...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. stuart: breaking news for you from the white house. fox business confirms that president obama will ask congress later today to come up with short-term spending cuts and tax revenue to avoid the march 1st deadline, sequestration. in other words, he wants smaller spending cuts now, coupled with tax increases now, and not the big spending cuts that are scheduled for march the 1st. that's what just happened. now to the business of e-cigarettes, that would be electronic cigarettes. they use a nicotine-laced vapor and companies that make them say this eliminates carcinogens that are in regular cigarettes. joining us now is logic technology's chief executive officer. he makes these e cigaret
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. stuart: breaking news for you from the white house. fox business confirms that president obama will ask congress later today to come up with short-term spending cuts...
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another step we can take is on taxes. there's a lot of talk about taxes in washington right now. for most families, tax preparation is hard and it's time consuming. this time of year especially. think about it. think what they're going through. what tax form are you supposed to fill out. is it more beneficial to file jointly or separately. is a truck or gas mileage deductible or something you are missing that the i.r.s. will give you credit for. 193, the form 1040 was accompanied by a two-page instruction booklet. today, taxpayers have to wade through over 100 total pages of instruction. just filling out a w-4 at a new job is confusing. you really shouldn't need a work sheet to see how many dependents you have. chairman dave camp and his committee are under way in their efforts to responsibly rewrite the nation's tax laws. as an education policy, health care and all else, tax reform should reflect the priority of working families and the future they are trying to shape for their kids. if nothing else, we must stope putting special interests -- stop putting special interests ahead
another step we can take is on taxes. there's a lot of talk about taxes in washington right now. for most families, tax preparation is hard and it's time consuming. this time of year especially. think about it. think what they're going through. what tax form are you supposed to fill out. is it more beneficial to file jointly or separately. is a truck or gas mileage deductible or something you are missing that the i.r.s. will give you credit for. 193, the form 1040 was accompanied by a two-page...
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the taxes. and on those segments of the tax loopholes, talking about getting rid of tax loopholes that promote investment and jobs abroad. why should the taxpayers subsidize moving jobs abroad? let's get rid of those tax loopholes and let's invest more money in transportation and infrastructure. that will generate another million jobs. it's a net of two million jobs. and won't destroy through the sequestration and it will not destroy the economy, which is where we are headed otherwise. >> jim mcdermott and judy chu. >> thank you and it's good to be here with my colleagues to talk about a decent way to deal with the problems of this country. the republicans polled the word spending and found it to be a very effective word. if you listen to them, every sixth word they say is spending. now the problem with this country is not spending, because the republicans don't mind spending on useless wars or on tax giveaways or on programs they refuse to raise the revenue for, they don't like programs that he
the taxes. and on those segments of the tax loopholes, talking about getting rid of tax loopholes that promote investment and jobs abroad. why should the taxpayers subsidize moving jobs abroad? let's get rid of those tax loopholes and let's invest more money in transportation and infrastructure. that will generate another million jobs. it's a net of two million jobs. and won't destroy through the sequestration and it will not destroy the economy, which is where we are headed otherwise. >>...
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tax forms and w 2s are appearing in mailboxes everywhere. options of ways we can protect ourselves. >> reporter: even in our high-tech world, letters are still delivered to our mailboxes every day. and that mail can be temptinging to identity thieves. >> sits there all day and it is easily accessible. it is still happening. >> reporter: right now our mail is full of personal information. >> things from our bank, things regarding investments, things from employment. >> reporter: shelley says it is easy to see that it is tax time. as every day mail is mixed with for financial documents. something scam artists are looking for. >> in the wrong hands i'm sure they could use it against us. >> they are looking for any of your personally identifying information like your social security number, your income. >> reporter: eva says that thieves are looking for anything that can be used to apply for credit cards, for government aid, even used to create fraudulent tax returns to mail in and steal your refund. >> reporter: >> getting your tax documents to
tax forms and w 2s are appearing in mailboxes everywhere. options of ways we can protect ourselves. >> reporter: even in our high-tech world, letters are still delivered to our mailboxes every day. and that mail can be temptinging to identity thieves. >> sits there all day and it is easily accessible. it is still happening. >> reporter: right now our mail is full of personal information. >> things from our bank, things regarding investments, things from employment....
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a law america in illinois pushing for a $0.25 sneaker tax. hopes the tax will generate 3 million a year. the retail association says it will fight this plan. they say sneaker i say tennis shoes. >> both. depends on what i am wearing it for. if you need an excuse to spend which we never really do there's a new research out from shop it to me.com. february is the best month of the year to shop on-line. you can get 47 percent off items right now. with tips how to save is vera gibbons. >> we usually think president's weekend was the big one. >> you talk about an average markup 48 percent which mix aket bert. but february as a whole the best month to shop of the year. people get the average other months. 43 percent. this is 47 percent on average in terms of the mark downs. large part because the retailers are looking to clear out their stuff make clear for the spring items. they want to get it out the door. that's to your benefit. >> good time to buy all of the winter coats they need next year. what are some of the discounts? >> we have skirts, be
a law america in illinois pushing for a $0.25 sneaker tax. hopes the tax will generate 3 million a year. the retail association says it will fight this plan. they say sneaker i say tennis shoes. >> both. depends on what i am wearing it for. if you need an excuse to spend which we never really do there's a new research out from shop it to me.com. february is the best month of the year to shop on-line. you can get 47 percent off items right now. with tips how to save is vera gibbons....
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>> you can't tax your way to prosperity, either. over the history of western civilization, those countries that tax the productive and the entrepreneurial fail, so america is really at a choice. do we cut spending or do we raise taxes on people who create jobs and who create wealth? i think we have to cut spending. >> shannon: all right. we'll see if the president is listening to you, professor. thank you so much. >> thank you. >> shannon: all right. while the president was speaking, we were also learning more about what the congressional budget office expects for the coming year. remember, it's nonpartisan. first, because of the extra taxes most of the country started paying a few weeks ago, you may have noticed in your paycheck, they expect the deficit will come in just below a trillion dollars this year. before you open the champagne, it's still going to be around $800 billion. in fact, north of that, a very big number. because of spending cuts, they expect economic growth to be slow and unemployment to stay high. stu varney join
>> you can't tax your way to prosperity, either. over the history of western civilization, those countries that tax the productive and the entrepreneurial fail, so america is really at a choice. do we cut spending or do we raise taxes on people who create jobs and who create wealth? i think we have to cut spending. >> shannon: all right. we'll see if the president is listening to you, professor. thank you so much. >> thank you. >> shannon: all right. while the president...
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expected to touch on new and existing republican education initiatives, the need to simplify the tax code sh ways to curb rising health care costs and the hot issue of immigration reform. in a prespeech excerpt, he is quote the as saying, "government policy should aim to strike a balance between what is needed to aadvance the next generation, what we can afford, what is a federal responsibility, and what is necessary to ensure our children are safe, healthy, and able to reach their dreams." >>> this is going to be closely watched because it represents a rebranding of the party and the conservative philosophy away from what has been touched on over republicanism and conservatism for a long time since ronald reagan's famous line from his 1981 inauguration. >> government is not the solution to our problem. government is the problem. >> we're going to talk to congressman cantor about the whats and whys on msnbc on "morning joe." >>> other members of this party are taking the white house to task for failing once again to deliver a budget this time for the 2014 fiscal year on time. the oba
expected to touch on new and existing republican education initiatives, the need to simplify the tax code sh ways to curb rising health care costs and the hot issue of immigration reform. in a prespeech excerpt, he is quote the as saying, "government policy should aim to strike a balance between what is needed to aadvance the next generation, what we can afford, what is a federal responsibility, and what is necessary to ensure our children are safe, healthy, and able to reach their...
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he began to give tax breaks. the original tax breaks of george bush, along came 9/11, then you were into war in afghanistan. and these are all things that we did while in iraq, and then all these things we did. we need to pay taxes and do it fairly. it is not fair right now when the top .10 of one percent is accumulating money at a rate that is unbelievable for those of us in the lower half of the economic ladder. the number one cause of bankruptcies in this country is healthcare bills. the average american is scared to death that they will get sick in iraq and they will not be covered. we have inequities that we could fix with the tax structure. it is a matter of political will and >> edward, caller. -- host: edward. caller: thank you for taking my call. representative, i have been around for a while, and george palestra -- george bush did not inherit a surplus. it was on paper. as far as him going along with spending programs, i do think he was trying to appease the democrats. i thought it was wrong then. when
he began to give tax breaks. the original tax breaks of george bush, along came 9/11, then you were into war in afghanistan. and these are all things that we did while in iraq, and then all these things we did. we need to pay taxes and do it fairly. it is not fair right now when the top .10 of one percent is accumulating money at a rate that is unbelievable for those of us in the lower half of the economic ladder. the number one cause of bankruptcies in this country is healthcare bills. the...
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. >> our low taxes sensible regulations and fair legal system are just the thing to get your business moving to texas. >> a lot of work left to do. but i would take california any day. >> and in addition to those ads, texas even has a website with steps to take for businesses wanting to make a move. >>> 4:49. california is dropping algebra for 8th graders part of a move towards what's called the common core curriculum. most states have already adopted it eliminating the current requirement for 8th graders to take algebra one but they still can if they want to or they can opt for an alternative course that's a little easier. >>> cities in california have banned medical marijuana dispensaries. >> now they are waiting on a ruling about how far state law can go to protect the right to do business. the state supreme court will hear arguments today on whether local governments can ban the dispensaries. right now about 200 cities and counties ban medical marijuana dispensaries. about 3 dozen are right here in the bay area. >>> it is 4:49. accused of being quick to kill, why two volunteers ar
. >> our low taxes sensible regulations and fair legal system are just the thing to get your business moving to texas. >> a lot of work left to do. but i would take california any day. >> and in addition to those ads, texas even has a website with steps to take for businesses wanting to make a move. >>> 4:49. california is dropping algebra for 8th graders part of a move towards what's called the common core curriculum. most states have already adopted it eliminating...
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when the state cries it doesn't have enough money and now that californians are paying the highest tax in american, to see this abuse we think is outrageous. >> it appears to be a misuse of state property. >> the doj said the helicopter is used for drug raids and that a special agent in the drug unit was on board but didn't give his name. they are in the process of making big changes because of this. >> i will approve any authorize use of the helicopter as we move forward. >> the department says it would not reveal if anyone received disciplinary action. but we learned one person was placed on leave for a substantial amount of time. mike mibach, ktvu channel 2 news. >>> under a new program victims of sexual assault in the air force will have a voice in court. the special victim's counsel program assign as trained military attorney to anyone reporting sexual assault. the attorneys won't be from the same base and any conversations will be covered by attorney- client privilege. >> what the we home is the sexual assault victims as they go through the process they don't feel like they are r
when the state cries it doesn't have enough money and now that californians are paying the highest tax in american, to see this abuse we think is outrageous. >> it appears to be a misuse of state property. >> the doj said the helicopter is used for drug raids and that a special agent in the drug unit was on board but didn't give his name. they are in the process of making big changes because of this. >> i will approve any authorize use of the helicopter as we move forward....
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eliminate the sales tax increase mcdonnell proposed. hundreds of millions of dollars in fee increases mcdonnell wants as well. today is the deadline for legislation to win approval from the senate or house of delegates. >>> a study that confirms what you probably already know. our region has some of the worst traffic in the country. we're breaking down the numbers for you in this new report as we speak. we'll tell what you researchers are saying about gridlock in a few minutes. >>> the city is hosting a super bowl parade downtown. the crew started setting up yesterday just as the team was returning from new orleans. that parade will begin at city hall and end at m&t bank stadium where the team will show off the lombardi trophy. if you can't make it, watch it on nbcwashington.com beginning at 10:45. >>> i bet you have to wear a lot of layers today. it's going to be cold again. >> let's check in with tom kierein. >> good morning. that snow that passed to our north is way up northeast of us into new england. this is the radar over the last
eliminate the sales tax increase mcdonnell proposed. hundreds of millions of dollars in fee increases mcdonnell wants as well. today is the deadline for legislation to win approval from the senate or house of delegates. >>> a study that confirms what you probably already know. our region has some of the worst traffic in the country. we're breaking down the numbers for you in this new report as we speak. we'll tell what you researchers are saying about gridlock in a few minutes....
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it would impose the sales tax on gas in place of virginia's current gas tax. it would eliminate the sales tax hikes mcdonnell wanted. today is the deadline for legislation to win approval from either virginia's senate or the house of delegates. >>> you probably don't need a study to tell you this. this morning, we're getting the latest results of a survey showing we have the worst traffic in the country are. our transportation reporter adam tuss is breaking down the numbers and he'll have what researchers are saying about gridlock coming up at 5:45. >>> overheating batteries forced all 787 dreamliners to be grounded. now boeing is asking the faa to let it put some of the planes back in the air. boeing formally filed a request for test flights with the faa yesterday. they say they need to see if regular flight vibrations are causing overheating. last month dreamliner in japan and one in boston were forced to land after overheating issues on the batteries. >>> ravens fans are getting an early start to their tuesday. they're braving the cold in baltimore to stake
it would impose the sales tax on gas in place of virginia's current gas tax. it would eliminate the sales tax hikes mcdonnell wanted. today is the deadline for legislation to win approval from either virginia's senate or the house of delegates. >>> you probably don't need a study to tell you this. this morning, we're getting the latest results of a survey showing we have the worst traffic in the country are. our transportation reporter adam tuss is breaking down the numbers and he'll...
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our tax is 12 to 5% corporate tax. it is across the entire spectrum. the tax regime in europe in general helps us to make decisions about tax rates per it is clear and transparent. it is generally used by country. our international competence is not changing. >> precisely -- precisely because the world is changing, we need to he does. which tasks should be dealt with. i think there should be a debate or example, i would like to talk with my colleagues on the area of occupational health and safety. there is so much that has been dealt with. very much in terms of rules and legislations. it is like hotel california, you can check out, but you can never leave. it is very much at this level. i do not agree when someone asks for specific favors for one country. it should he level at the end of the day. both on the european level and the a national level. i agree with david's comments yesterday in terms of making the union more efficient. you should also look at competitiveness. getting the engine going. between the united states and europe, i think it is vit
our tax is 12 to 5% corporate tax. it is across the entire spectrum. the tax regime in europe in general helps us to make decisions about tax rates per it is clear and transparent. it is generally used by country. our international competence is not changing. >> precisely -- precisely because the world is changing, we need to he does. which tasks should be dealt with. i think there should be a debate or example, i would like to talk with my colleagues on the area of occupational health...
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pays 8% in those taxes. however, the chief economist at lola minda talks about how texas outtaxes california. texas has a higher sales tax. in our next hour of "mornings on 2," what economists are saying is suffering because of texas tax structure and its spending record. i'm pam cook, back to dave and tori. >>> it's the end of the road for drake's bay oyster farm in marin county. the government is evicting them from their long-time home from the seashore. yesterday, a judge denied the request to overturn the eviction and refused to allow the company to operate while the lawsuit is heard. ken salazar ordered the oyster farm to be evicted saying the land should be returned to wilderness status and the owner must leave by march 15th. >>> about that power outage at the super bowl, public records now show superdome officials were concerned about this -- about this before the game. tests performed on the electrical feeders already showed decay and a chance of failure. the nfl says the power outage does not hurt n
pays 8% in those taxes. however, the chief economist at lola minda talks about how texas outtaxes california. texas has a higher sales tax. in our next hour of "mornings on 2," what economists are saying is suffering because of texas tax structure and its spending record. i'm pam cook, back to dave and tori. >>> it's the end of the road for drake's bay oyster farm in marin county. the government is evicting them from their long-time home from the seashore. yesterday, a judge...
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tolling and keeps other major features of mcdonald's $3.1 billion, five- year plan, including a sales tax increase. >> it was not too bad outside. >> if you don't mean a little cloud. not that it was snow we were shoveling. >> and it was not 20 degrees. >> true. >> and what can we expect? >> and you will like tomorrow and that sunshine is coming back and a good day tomorrow and this evening, no big dealing and sentinel radar is going around and around and some flurries, a couple of flakes here and there and in in terms of where it's from, that is from the west to the north- northeast and everything is very, very light. anything that is touching the ground is up along interstate 11 there and northern sections of montgomery county and over into frederick county and into i-70 there and there is no big deal with the snowflakes and we're not talking about anything in the way of accumulation and that is looks like snow to the back of us and that -- expecting that into the mid-40s and as well. the temperature right now in this city is 40 and a full look at the forecast, seven days worth and that
tolling and keeps other major features of mcdonald's $3.1 billion, five- year plan, including a sales tax increase. >> it was not too bad outside. >> if you don't mean a little cloud. not that it was snow we were shoveling. >> and it was not 20 degrees. >> true. >> and what can we expect? >> and you will like tomorrow and that sunshine is coming back and a good day tomorrow and this evening, no big dealing and sentinel radar is going around and around and...
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to launch drones or defense and war spending that we have ninety four percent of all federal income tax revenue that means almost every single dollar that you and i and everyone else in this country pay income taxes goes to supporting this massive military empire not education not health care not infrastructure but instead war and then return the billionaire. classes profited immensely with oil and shipping lanes wide open in favorable business deals in foreign markets but within the united states is rotting and this faustine deal is sunsetting we learned last week that the american economy contracted by point one percent in the fourth quarter despite the fact that overall consumption in the economy grew by two point two percent our economy shrank because the war budget shrank by twenty two percent that month and other words when missiles tanks and warplanes that aren't being manufactured our economy runs into trouble as president obama said in his super bowl interview with c.b.s. on sunday. overall there were a lot of positive signs in the economy the big problem was defense spending w
to launch drones or defense and war spending that we have ninety four percent of all federal income tax revenue that means almost every single dollar that you and i and everyone else in this country pay income taxes goes to supporting this massive military empire not education not health care not infrastructure but instead war and then return the billionaire. classes profited immensely with oil and shipping lanes wide open in favorable business deals in foreign markets but within the united...
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you stat can't tax that for property tax and that sort of thing. so it has an impact upon the area, right. so how is the federal government since it's impacting the area going to compensate? she gets compensation through impact aid for the kids in the school, other areas for other services. it goes to an earlier point. sequester is not the best way in order to -- for us to do what we need to do, which is to live within our means. live with a budget that essentially gets balanced. make sure that revenues equal expenditures sometime over time. it's not the best way. and really we don't want to go there. republicans don't want to do it and the democrats don't want to do it. we would much prefer to be able to come up with targeted cuts in some of the callers have suggested some areas where we could target. we would much, much, much prefer be able to say this is where we should cut and this area we should not cut. and we are eager, more than eager to have the administration lay out some of their proposals so we can reach some sort of agreement. we are w
you stat can't tax that for property tax and that sort of thing. so it has an impact upon the area, right. so how is the federal government since it's impacting the area going to compensate? she gets compensation through impact aid for the kids in the school, other areas for other services. it goes to an earlier point. sequester is not the best way in order to -- for us to do what we need to do, which is to live within our means. live with a budget that essentially gets balanced. make sure that...
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gregg: he already raised some taxes and tax rates, now he wants more tax revenue. what does that mean, closing loopholes? >> reporter: he wants to close loopholes which he says allows higher income people to take advantage of things that lower their tax rate below the rate paid by salaried and hourly workers. republicans say that any new tax revenue should be used to lower -- lower income tax rates for everyone. they are not sure they want to use that money to lor lower the deficit. that is one of the issues that will need to be resolved as the president and congress workout this deal to avoid this sequester, gregg. gregg: the republicans didn't win the last tax battle. we'll wait and see. wendell goler live at the white house. thank you. martha: there are new questions today about the biggest gas price skwrupl nap years in some states. what is going on out there? we'll have new details and what might be the latest pain at the pump. . . . ..
gregg: he already raised some taxes and tax rates, now he wants more tax revenue. what does that mean, closing loopholes? >> reporter: he wants to close loopholes which he says allows higher income people to take advantage of things that lower their tax rate below the rate paid by salaried and hourly workers. republicans say that any new tax revenue should be used to lower -- lower income tax rates for everyone. they are not sure they want to use that money to lor lower the deficit. that...
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the average american household spent $2,900 on gas in 2012, just under 4% of their income before taxes. with the exception of 2008, that was the highest in nearly 30 years. so could we pay even more in 2013? gas prices are already at their highest ever for early february. >> i think this is just a temporary blip that we see in prices. 2013, in my book, still expected to be lower, at least for a yearly average than what we saw in 2012. >> reporter: other factors at play, a weaker dollar can inflate oil prices and they very often follow economic indicators as the stock market. as goes the dow, so often go the prices at the pump. tom costello, nbc news, washington. >>> president obama took his bush for tougher gun control laws to minneapolis today. a city they used to call murder-apolis back in the '90s before an aggressive push there to curb gun violence brought the homicide rate down with juvenile violent crime rates also dropping sharply. the president is calling on congress to pass that expansion of background checks, limits on high-capacity ammunition magazines and a ban on new assau
the average american household spent $2,900 on gas in 2012, just under 4% of their income before taxes. with the exception of 2008, that was the highest in nearly 30 years. so could we pay even more in 2013? gas prices are already at their highest ever for early february. >> i think this is just a temporary blip that we see in prices. 2013, in my book, still expected to be lower, at least for a yearly average than what we saw in 2012. >> reporter: other factors at play, a weaker...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. officewith an online package new colincluding: domain name,y! website builder with five pages and basic email just $49.99! that's up to 76 percent below online providers and only at officemax stores! >>> texas attorney general greg abbott has a lot to say about guns in america. welcome to you, sir. >> thank you. >> the president today was in minnesota, came out strongly again for a variety of different measures he wants to bring in through the senate, through the house to try, as he put it, curb gun violence in america. what was your reaction to what he said? >> it seems to be more show than reality. on the very same day the majority leader came out and said that they're not going to p
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. officewith an online package new colincluding: domain name,y! website builder with five pages and basic email just $49.99! that's up to 76 percent below online...
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that is, obviously, for the average household, before taxes and that really brings it home, when you talk about it in those terms. i guess people are wondering, you know, why the sudden jump? apparently, we have a number of refineries down in a number of locations. crude oil prices are rising. and we've also had a supply shortage in california. so inventories are being devoted from elsewhere in the country to help out with that as well. so a number of factors pushing up these gas prices. chris, let's see if they come down. >> yeah, exactly. cnbc's mandy drury, good to see you, mandy >> see ya. >>> if you think your commute is bad and you're wasting a lot of gas, time, and money, you're probably right. a new report finds the average american wastes an average of $818 a year because of sitting in traffic. commuters are often allowing an hour of driving time for a trip that should only take 20 minutes. so what are the most congested cities? this is according to texas a&m transportation institute. boston, the fifth most congested. new york, newark, new jersey, fourth opinion number three
that is, obviously, for the average household, before taxes and that really brings it home, when you talk about it in those terms. i guess people are wondering, you know, why the sudden jump? apparently, we have a number of refineries down in a number of locations. crude oil prices are rising. and we've also had a supply shortage in california. so inventories are being devoted from elsewhere in the country to help out with that as well. so a number of factors pushing up these gas prices. chris,...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. officewith an online package new colincluding: domain name,y! website builder with five pages and basic email just $49.99! that's up to 76 percent below online providers and only at officemax stores! >>> welcome back to "the ed show." today president obama pushed for solutions to gun violence by taking his ideas for common sense measures to minneapolis, which has had huge success on the issue. >> this city came together. you launched a series of youth initiatives that have reduced the number of young people injured by guns by 40%. >> this week, then, we learned of another high profile senseless killing. former navy s.e.a.l. chris kyle and another man, chad littlefield were killed satur
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. officewith an online package new colincluding: domain name,y! website builder with five pages and basic email just $49.99! that's up to 76 percent below online...
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a lot of them voted for a tax increase at the end of 2012. a lot of them are not moving to protect defense cuts right now that are tied to this sequester. there's also a belief within the republican party that you're going to see something happen in regards to immigration. that pillar can be moved out. one thing that's a very strong pillar for house gop is this idea of guns and gun rights. any time you talk about background checks and assault weapons bans and trafficking and everything out there, there is a significant fear amongst republicans that their pillars are eroding, and the gun one is the easiest one for them to hold on to to save them with their base all throughout the country. >> it is a -- this is a conversation really about the future of the republican party, i think, as much as it is about legislation. >> correct. >> luke russert, thank you, as always. we will work on the royalties for the next time. >> take care. >> coming up, the gop's efforts to decide elections by unpopular vote, and the tyranny of the minority. we will look
a lot of them voted for a tax increase at the end of 2012. a lot of them are not moving to protect defense cuts right now that are tied to this sequester. there's also a belief within the republican party that you're going to see something happen in regards to immigration. that pillar can be moved out. one thing that's a very strong pillar for house gop is this idea of guns and gun rights. any time you talk about background checks and assault weapons bans and trafficking and everything out...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lincoln mkz. good afternoon. chase sapphire. (push button tone) this is stacy from springfield. oh whoa. hello? yes. i didn't realize i'd be talking to an actual person. you don't need to press "0," i'm here. reach a person, not a prompt whenever you call chase sapphire. why should saturday night have all the fun? get two times the points on dining in restaurants, with chase sapphire preferred. [ male announc
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets...
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the updated bill would add a 5.5% sales tax to gasoline and eliminate a 17 cent gasoline tax and scrap the governor's sales tax increase. >> in alabama community can breath a sigh of relief after a week long stand off comes to an end. a five year old boy is reunited with his family and his captor is dead. sarah simmons is back. >> good morning. officials say they raided the bunker where 65-year-old jimmy lee dykes was holding the boy after negotiations deteriorated. dykes was killed. but officers have not said if he was killed or killed himself. the boy is said to be doing well. officials say his safety always remained top priority. >> i have visited with ethan. he is doing fine. he's laughing, joking, playing, eating. things that you would expect a normal 5 to 6 year old young man to do. >> let me explain something to you about this little boy. very special child. he's been through a lot. he's endured a lot. by the grace of god, he's okay. >> ethan turns 6 years old tomorrow and dykes took the boy off of his school bus after killing the driver. that driver 66-year-old charles poland j
the updated bill would add a 5.5% sales tax to gasoline and eliminate a 17 cent gasoline tax and scrap the governor's sales tax increase. >> in alabama community can breath a sigh of relief after a week long stand off comes to an end. a five year old boy is reunited with his family and his captor is dead. sarah simmons is back. >> good morning. officials say they raided the bunker where 65-year-old jimmy lee dykes was holding the boy after negotiations deteriorated. dykes was...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. i'm here to pick up some cacti. it should be under stephens. the verizon share everything plan for small business. get a shareable pool of data... got enough joshua trees? ... on up to 25 devices. so you can spend less time... yea, the golden barrels... managing wireless costs and technology and more time driving your business potential. looks like we're going to need to order more agaves... ah! oh! ow! ... and more bandages. that's powerful. sharble data plus unlimited talk and text. now save $50 on a droid razr maxx hd by motorola. i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaq
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. i'm here to pick up some cacti. it should be under stephens. the verizon share everything plan for small business. get a shareable pool of data... got enough joshua...
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tax season has officially begun! we've got some tips if you are preparing one of the 160 million individual tax returns that will be filed this year. here's jill schlesinger... editor at large of cbs moneywatch dot-com. how should people start? is there anything new this year about filing? is it ever better to wait to file? jill schlesinger of cbs jill schlesinger of cbs moneywatch dot- com. thanks. time is 5-- here's meteorologist lawrence with a check of weather. volunteers at a north bay animal shelter say dogs are being sent to their deaths prematurely. in one case an 18 month old stafford terrier ate a tennis ball. he was euthanized eight days later. a volunteer says medical records show the dog didn't get proper medical care before being put down. "eli should have gotten veterinary care immediately when he swallowed that tennis ball. volunteers say they'd already lined up foster and rescue care they'd already lined up foster and rescue care for dogs who were put down.. and they say after they questioned the eut
tax season has officially begun! we've got some tips if you are preparing one of the 160 million individual tax returns that will be filed this year. here's jill schlesinger... editor at large of cbs moneywatch dot-com. how should people start? is there anything new this year about filing? is it ever better to wait to file? jill schlesinger of cbs jill schlesinger of cbs moneywatch dot- com. thanks. time is 5-- here's meteorologist lawrence with a check of weather. volunteers at a north bay...
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Feb 5, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> bill: personal story segment tonight, one of the most successful military snipers in history chief petty officer chris kyle murdered on saturday in texas. he is the author of the big best selling book "american sniper" killed by a veteran who apparently he was trying about a year ago i talked with mr. kyle. >> bill: do you ever now,looking back, have any regrets at all about anything that you did? >> yes, i do. it's the people i couldn't save. >> bill: the americans you couldn't save were the allied forces. >> the americans, local iraqis, anyone who i witnessed violence coming down on them and i could not save them. >> bill: that's your regret? >> yes, sir. >> bill: you don't have p
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> bill: personal story segment tonight, one of the most successful military snipers in history chief petty officer chris kyle murdered on saturday in texas. he...
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didn't pay his taxes. he is here, is he there you have got to cover, the networks decline. any excuse for them declining? >> i hate to do this because i don't think this is the reason. but to put the best face on it, they are uneasy with the sex part because of the same reason that -- >> bill: just cover the fraud part. >> they should cover that. i totally agree. it's a legitimate news story when a good friend of the united states senator is under fbi investigation, for what he allegedly or i take that back, for what he may have done on his own, but he didn't just do stuff on his own. they flew down in the same private jet to the dominican republic. >> bill: they are pals. >> that becomes a legitimate story. and the fact that the networks haven't covered that tells me that they are not going to make too big of deal out of this under any circumstances. >> bill: they may have to though. it is a federal crime for any american to go anywhere and have sex with underaged people and we're going to get into that tomorrow. we're going to define that. >> if he is charged with that cr
didn't pay his taxes. he is here, is he there you have got to cover, the networks decline. any excuse for them declining? >> i hate to do this because i don't think this is the reason. but to put the best face on it, they are uneasy with the sex part because of the same reason that -- >> bill: just cover the fraud part. >> they should cover that. i totally agree. it's a legitimate news story when a good friend of the united states senator is under fbi investigation, for what...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. [ male announcer ] make your escape... twice as rewarding. earn double points or double miles on all your hotel stays through march thirty first. sign up now at hiltondouble.com. >>
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we...
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as we consider tax reform that i believe as a congress, we must do, i think the tax credits out there and the subsidies available out to be on the table with everything else out there. i think it is important to recognize when the discussion is going on. this is where we will find the source of revenue this week, in a wider approach. >> will it only go to countries that we have trade agreements with? [inaudible] >> what i have proposed in the report is there will be a considered review of this. i encourage a review of the export policy, if you are a non- fta country, there has to be a best interest finding. it is there to do a full-on review of what is established. i believe it is in the nation's best interest to encourage greater exports, most specifically, of the lng. i am cognizant that we are trying to keep prices down. that is one of my key components, affordability. as we move toward greater exports, we are not impacting the affordability peace. i think it is fair that there be a considered review of this. i would expect nothing short of a considered review. but i will suggest t
as we consider tax reform that i believe as a congress, we must do, i think the tax credits out there and the subsidies available out to be on the table with everything else out there. i think it is important to recognize when the discussion is going on. this is where we will find the source of revenue this week, in a wider approach. >> will it only go to countries that we have trade agreements with? [inaudible] >> what i have proposed in the report is there will be a considered...
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. >> governor decemberry is airing ads in texas touting the business friendly regulations and low taxes and saying california companies should check out texas. the governor brown is not worried saying if los angeles, everyone with half a brain is coming to california. >> a hearing date is now set for, giant slugger barry bonds who is appearing the obstruction of justice conviction. oral arguments are held in front of a three judge panel of the court of appeals in san francisco. the judges were appointed by three different democratic presidents. bonds was convicts of giving misleading testimony before a federal grand jury. >> when niners lost the super bowl, san francisco police chief lost a bet to an old friend so that means he has to do this, the ray lewis squirrel dance, what lewis does before every ravens home game and made the bet with former oakland. police chief and current baltimore chief of police. >> we made a friendly bet he had to kaepernick or i had to do the ray rue business, i will do my pose that i did the ray lewis dance and send it to tony and well close the books on la
. >> governor decemberry is airing ads in texas touting the business friendly regulations and low taxes and saying california companies should check out texas. the governor brown is not worried saying if los angeles, everyone with half a brain is coming to california. >> a hearing date is now set for, giant slugger barry bonds who is appearing the obstruction of justice conviction. oral arguments are held in front of a three judge panel of the court of appeals in san francisco. the...